Disclosure for Appointment of Statutory Auditor- M/S KSJ & Co. Chartered Accountants in place of the retiring auditor for a period of 5 years subject to the approval of shareholders in ....
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F Mec International Financial Services has recommended the appointment of M/s. KSJ & Co., Chartered Accountants (FRN: 016024N) as its new Statutory Auditor, replacing the retiring auditor M/s Sanjay K Singhal & Co. The outgoing auditor has completed its mandatory 10-year term and will hold office only until the conclusion of the ensuing Annual General Meeting. The new auditor will serve for 5 consecutive years, from the end of the 32nd AGM to the end of the 37th AGM, subject to shareholder approval. KSJ & Co. is a Delhi-based firm with 7 partners and holds a valid peer review certificate until March 2028. The appointment was recommended by the Audit Committee on June 20, 2025 and approved by the Board on June 24, 2025.
This is a routine, regulation-driven auditor rotation after completion of the 10-year maximum tenure allowed under the Companies Act. No governance red flags — shareholders will vote on the appointment at the upcoming AGM. Neutral to mildly positive for credibility, as the new firm brings a fresh audit perspective.